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Trump Media Group has reported losses for three consecutive quarters, with Bitcoin revenue failing to offset high expenses.
[Trump Media Group Reports Losses for Three Consecutive Quarters, Bitcoin Revenue Unable to Cover High Expenses] According to the financial report, Trump Media & Technology Group (DJT), which is supported by the U.S. president and listed on NASDAQ and the New York Stock Exchange's Texas division, recorded a net loss of $54.8 million in the third quarter, marking the third consecutive quarter of losses. The losses primarily stemmed from $20.3 million in legal expenses related to the 2024 SPAC merger and $54.1 million in non-cash losses. Despite generating $15.3 million in revenue from options premiums through its Bitcoin strategy, the company's total assets remained at $3.1 billion (including approximately 15,000 Bitcoins), but its stock price has fallen nearly 25% this month, with a cumulative decline of over 62% year-to-date. In the third quarter, Trump Media also purchased 684 million CRO for nearly $100 million in cash and stock, deepening cooperation with CEX.